Jp Morganchase

US Banks Report Phantom Income on $1.4 Trillion Delinquent Mortgages

Robert Lenzner | Posted 05.25.2011

Read More: Mortgages, Banks, Jp Morganchase, Bank of America, Citigroup, Business News
Robert Lenzner

The giant US banks have been bailed out again from huge potential write-offs by loosey-goosey accounting accepted by the accounting profession and the regulators.

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Showdown on Wall Street and K Street

Peter Dreier | Posted 05.25.2011

Read More: George Goehl, JP Morgan/Chase, Heather Booth, Citigroup, Gerald Taylor, Bank Reform, Stephen Lerner, Lloyd Blanfein, Wells Fargo, U.S. Chamber of Commerce, Industrial Areas Foundation, Afl-Cio, John Stumpf, Financial Services Roundtable, National Peoples Action, Barack Obama, Bank of America, Goldman Sachs, Americans for Financial Reform, Acorn, Morgan Stanely, Wall Street, Consumer Financial Protection Agency, Alliance of Californians for Community Empowerment, Center for Responsible Lending, Protest, Gordon Whitman, Pico, Pew Economic Policy Group, Seiu, Richard Trumka, Politics News
Peter Dreier

Organizers believe that the recent victory on health care reform will help propel a similar movement to take on banking giants.

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